Subsequent Well definition

Subsequent Well shall have the meaning assigned to it in subsection 9(b) hereof.
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Subsequent Well has the meaning set forth in Section 1.4 of this Agreement.
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Subsequent Well means any Hydrocarbon well drilled by a Party at a location within the Gunsmoke Prospect following the drilling and Completion of the four (4) Obligation Xxxxx and the sixteen (16) Earning Xxxxx.
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Examples of Subsequent Well in a sentence

  • United Republic of Tanzania, ICSID Case No. ARB/05/22, Award (24 July 2008), Exhibit CLA-16, ¶ 458.‌344 Schrijver, ¶ 23.345 It appears that the case of Parkerings-Compagniet v.

  • For xxxxx that are not Exploratory Xxxxx (“Subsequent Xxxxx”), the Non-Participating Party shall forfeit and relinquish unto the Participating Party its right, title and interest in such Subsequent Well until the payout of the non-consent penalty under the Operating Agreement.

  • BOG shall have no obligation other than to so attempt to identify such Preferential Rights or Consents and to give the notices required by such identified Preferential Rights or Consents prior to the drilling of a Subject Well or Subsequent Well on the applicable BOG Properties.

  • BOG's share of the Drilling Costs for the Subsequent Well is $1,000,000.

  • BUYER shall have the right, but not the obligation, to connect such Subsequent Well to BUYER’s system at its expense.

  • Should Pinnacle elect to participate in the drilling of a Subsequent Well, all operations pertaining to such Subsequent Well shall be governed pursuant to the provisions of the Operating Procedure.

  • Upon an election by both Gasco and BOG to participate in the drilling of any particular Subsequent Well, Gasco's obligation to pay all BOG Carry Amounts associated with such Subsequent Well shall become absolute.

  • The aforementioned Overriding Royalty shall be calculated and payable on the combined interest of Pinnacle and Encal in the Subsequent Well Spacing Unit.

  • Thereafter such Subsequent Well shall be held for the Joint Account as if Pinnacle participated in such Subsequent Well..

  • Notwithstanding anything in this Agreement to the contrary, if ORION is unable, in whole or in part, to meet the obligations under this Agreement for the spudding (as applicable) and/or drilling of the Commitment Wells or any Subsequent Well due to Force Majeure, the obligations shall be suspended during, but no longer than, the continuance of the Force Majeure event.


More Definitions of Subsequent Well

Subsequent Well means any well to be drilled within an applicable Well Unit after the Initial Well has been drilled and completed or plugged and abandoned within such Well Unit.
Sample 1
Subsequent Well means, relative to any particular Prospect Area, any well drilled hereunder after the drilling of the Initial Well for such Prospect Area.
Sample 1

Related to Subsequent Well

  • Test Well means a well constructed for the purpose of obtaining information needed to design a well prior to its construction. Test wells are cased and can be converted to observation or monitoring wells and under certain circumstances to production wells

  • Development Well means a well drilled inside the established limits of an oil or gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

  • Horizontal well means a well bore drilled laterally at an angle of at least eighty (80) degrees to the vertical or with a horizontal projection exceeding one hundred (100) feet measured from the initial point of penetration into the productive formation through the terminus of the lateral in the same common source of supply.

  • Deep well means a well located and constructed in such a manner that there is a continuous layer of low permeability soil or rock at least 5 feet thick located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Shallow well means a well located and constructed in such a manner that there is not a continuous layer of low-permeability soil or rock (or equivalent retarding mechanism acceptable to the department) at least 5 feet thick, the top of which is located at least 25 feet below the normal ground surface and above the aquifer from which water is to be drawn.

  • Oil well means any well capable of producing oil or oil and casinghead gas from a common source of supply as determined by the commission.

  • stratigraphic test well means a drilling effort, geologically directed, to obtain information pertaining to a specific geologic condition. Ordinarily, such wells are drilled without the intention of being completed for hydrocarbon production. They include wells for the purpose of core tests and all types of expendable holes related to hydrocarbon exploration. Stratigraphic test wells are classified as (i) "exploratory type" if not drilled into a proved property; or (ii) "development type", if drilled into a proved property. Development type stratigraphic wells are also referred to as "evaluation wells".

  • Water well means an excavation that is drilled, cored, bored, augered, washed, driven, dug, jetted, or otherwise constructed for the purpose of exploring for groundwater, monitoring groundwater, utilizing the geothermal properties of the ground, or extracting water from or injecting water into the aquifer. “Water well” does not include an open ditch or drain tiles or an excavation made for obtaining or prospecting for oil, natural gas, minerals, or products mined or quarried.

  • Lot depth Means the horizontal distance between the front and rear lot lines. If the front and rear lot lines are not parallel, “lot depth” means the length of a straight line joining the middle of the front lot line with the middle of the rear lot line. If there is no rear lot line, “lot depth” means the length of a straight line joining the middle of the front lot line with the apex of the triangle formed by the side lot lines. (See illustration page at end of Section.)

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Gas well means a well producing gas or natural gas from a common source of gas supply as determined by the commission.

  • Subsequent Transfer Date With respect to each Subsequent Transfer Instrument, the date on which the related Subsequent Mortgage Loans are sold to the Trust Fund.

  • relevant subsequent week means the reduction week or part-week which includes the day on which the further application or, if more than one further application has been made, the last such application was made.

  • Subsequent Reset Period means the period from (and including) the Second Reset Date to (but excluding) the next Subsequent Reset Date, and each successive period from (and including) a Subsequent Reset Date to (but excluding) the next succeeding Subsequent Reset Date; and

  • Injection well means a well into which fluids are injected. (See also “underground injection”.)

  • commencement day means the day on which the State Administrative Tribunal (Conferral of Jurisdiction) Amendment and Repeal Act 2004 Part 2 Division 29 comes into operation;

  • Subject Lands means the lands subject to or covered by the oil and gas leases described in Exhibit A, insofar and only insofar as they cover the Target Formation, subject to the exceptions, exclusions and reservations set forth on such Exhibit A.

  • Monitoring well means a water well intended for the purpose of determining groundwater quality or quantity.

  • Subsequent Transfer Instrument: Each Subsequent Transfer Instrument, dated as of a Subsequent Transfer Date, executed by the Trustee and the Depositor substantially in the form attached hereto as Exhibit I, by which Subsequent Loans are transferred to the Trust Fund.

  • Acreage means the number of acres of land area of an Assessor's Parcel as shown on an Assessor's Parcel Map, or if the land area is not shown on an Assessor’s Parcel Map, the Board may rely on the land area shown on the applicable final map, parcel map, condominium plan, or other recorded County parcel map.

  • Early Amortization Period means the period commencing on the date on which a Trust Early Amortization Event or a Series 2023-A Early Amortization Event is deemed to occur and ending on the Series Termination Date.

  • Subsequent Reset Date means the date or dates specified in the applicable Final Terms;

  • Accumulation Commencement Date means January 1, 2021, or such later date as the Calculation Agent on behalf of the Issuer determines in accordance with Section 2.11 hereof.

  • Distribution Commencement Date means the Issue Date or such other date as may be specified as the Distribution Commencement Date on the face of such Perpetual Security;

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.